L Brands (LB) will raise its quarterly dividend by 47.1 percent from $0.34 to $0.50 per share and will also pay a special cash dividend of $2.00 per share. Both dividends will be paid to shareholders on March 6, 2015.

L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 3,109 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 800 additional franchised locations worldwide. L Brands has paid a dividend every year to shareholders since 1974.